There was a report about the Sacramento Kings owners the Maloof family finalizing a deal to sell the team to a Seattle led group. While that excited many who missed having a basketball franchise in Seattle, you have to remember it’s the Maloof family and well nothing is ever finalized. It turns out a new buyer has emerged that might keep the team in Sacramento. Read more after the jump.
Mark Mastrov, the founder of 24-Hour Fitness who finished second to Joe Lacob and Peter Guber in bidding for the Warriors, told CBSSports.com Friday that he has interest in buying the Kings and keeping the franchise in Sacramento.
“Definitely, there’ve been conversations,” Mastrov said from his northern California office. “Definitely, there’s interest in acquiring the team and keeping it in Sacramento.”
Mastrov met with the Maloofs recently, and two league sources speaking on condition of anonymity said he has made a formal offer.
It was said the Seattle group was offering upwards of $500 million (way over market price if you ask me), it’s unsure how much the new buyer is offering. What will be important is how much control the bidders are willing to give the Maloof family.
Hoopsworld
